This property has sold.
Details: Retail
Asking Price: $2,542,450
Square Feet: 510 SF
Asking Cap Rate: 6.00%
Year Built: 2023
NOI: $152,547
Lease Structure: Absolute NNN
E County Line Rd, Greenwood, IN 46237
•Absolute triple net lease (Zero Landlord Responsibilities)
•Brand New, 15-Year, Lease (2023 construction) with 5 (5-year) options to extend
•Annual rent escalations, providing Inflation Protection
•Lease guaranteed by 7Ventures, Inc. which is a subsidiary of KMAC (one of the Largest Restaurant Operators in the country with over 320+ units). There are more than 40 KMAC Seven Brew locations under development or open throughout the county, with an expectation to Grow To 200+ Locations.
•Excellent Trade Area adjacent to Costco, AutoZone, Walmart Supercenter, Kroger Marketplace and more
•Located on Costco Outparcel
•Centrally located to several neighborhoods and multifamily developments
•2022 Population
•1 Mile – 7,102
•3 Mile – 78,229
•Located at Signalized Intersection on County Line Road
•County Line Rd has strong traffic counts with Over 30,000 VPD
This property has sold.